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Europe

Shell to sell Schwedt refinery stake to UK's Prax Group

Shell said it had agreed to sell its 37.5% stake in the PCK Schwedt oil refinery, which supplies most of Berlin's fuel, to Britain's Prax Group, attempting to draw a line under its co-ownership of an asset majority-owned by Russia's Rosneft.

Saras awards NextChem an engineering design study for the first green synthetic fuels pilot plant in Italy

MAIRE announces that NEXTCHEM, through its subsidiary NextChem Tech, has signed an agreement with Saras S.p.A for an engineering design study to accelerate the path towards decarbonization of Saras’ refinery in Sarroch, Sardinia.

Neste enables first Thai Airways flight using SAF in cooperation with PTT and Petco Trading

Thai Airways, the flag carrier airline of Thailand, operated its first flight using Neste MY Sustainable Aviation Fuel in December, 2023.

India's Nov Russian oil imports up 3% from Oct - trade

India's Russian oil imports in November rose to a 4-month high of 1.6 MM bpd, up 3.1% from October, making up about 36% of the nation's overall imports last month.

Neste plans turnaround at Porvoo refinery in spring 2024

Finland's Neste said it will have a major turnaround at its Porvoo refinery for about nine weeks between April and June next year.

OMV, ADNOC close to agreeing deal for chemicals company tie up

Abu Dhabi National Oil Co is closing in on a deal with Austria's OMV to combine two entities in which the companies own stakes to create a chemicals giant.

Digital Feature: Driving chemical processing efficiencies using data-driven asset performance management

Stacey Jones, Global APM Portfolio Leader, Energy Industries at ABB, reveals how next-generation asset performance management (APM) can be successfully applied to hydrocarbon processing, maximizing the uptime of critical assets, and ensuring safe, sustainable operations.

Russia's Sibur strikes deal to issue carbon credits from solar project

Russia's Sibur, the largest petrochemical producer in eastern Europe, said it plans to start issuing carbon credits outside Russia after reaching a deal at the COP28 climate summit to register a solar project with a new international program.

BASF launches Irgastab PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams

BASF presents Irgastab PUR 71, an innovative and advanced anti-scorch solution that not only ensures adherence to regulations but also offers exceptional performance.

X-Press Feeders plans to use green methanol for ships in Europe in Q2 2024

Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024.